globalization and its form

1. PPG_week5

3. Globalization is a process of
interaction and integration among the
people, companies, and governments of
different nations, a process driven by
international trade and investment and
aided by information technology.

4. FORMS OF
GLOBALIZATION

5. ECONOMIC GLOBALIZATION
 It is the interconnectedness of economies
through
a. trade
b. exchange of resources
 It explains that effectively, no national
economy really operates in isolation, which
means national economies influence each
other.

6. CULTURAL
GLOBALIZATION
It is the process whereby information,
commodities and images that have
been produced in one part of the
world enter into a global flow that
tends to ‘flatten out’ cultural
differences between nations, regions
and individuals (sometimes portrayed
as a process of mcdonaldization).

7. • Cultural globalization is also fuelled by the so-called
‘information revolution’, the spread of satellite
communication, telecommunications networks, information
technology and the internet, and global media corporations.

8. POLITICAL GLOBALIZATION
Refers to the amount of political co-operation that exists
between different countries.
It explains that this ties in with the belief that “umbrella”
global organizations are better placed than individual
states to prevent conflict.